India's Happy Forgings jumps after $60 mln order win

Happy Forgings

16/04/2024 05:07

** Shares of Happy Forgings  HAPY.NS  up 3.8% at 940 rupees
    ** The heavy forged and machined components maker got order
worth 5 bln rupees (nearly $60 mln) for supply of auto
components 
    ** Stock reverses course after falling 2.6% in previous
session 
    ** Stock on track to log steepest intraday gains since early
March 
    ** Over 100,000 shares traded in first 15 minutes of
trading, 0.9x the 30-day avg 
    ** Stock has lost ~9% since debut trade on Dec 27 

    ($1 = 83.5270 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))